Netcoins Receives Money Services Business License in the USA

/EIN News/ -- VANCOUVER, British Columbia, July 11, 2018 (GLOBE NEWSWIRE) -- GAR Limited. d/b/a/ Netcoins (“NETC” or the "Company") (CSE:NETC) is pleased to announce that it has received its Money Services Business (MSB) license in the United States, thereby enabling Netcoins to provide MSB services in the following US states and territories:

“Being MSB licensed in the USA is another big step in our growth and strategy to bring crypto to the mass consumer and investor. Our retail business, via resellers, and our OTC trading desk can now expand into the large US market directly enabling another stage of revenue growth,” said Netcoins CEO, Mark Binns. “Being more than 10x the size of the Canadian crypto market, we plan to launch state by state (as we receive state licenses) in the coming months to expand our business in this key region competing with traditional crypto exchanges and US headquartered OTC desks.”

About the CompanyThe Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 21,000+ retail locations in Canada, Europe and Australia and an Over-The-Counter (OTC) trading desk.

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Cautionary Statement Regarding “Forward-Looking” InformationThis information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.